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During 2021. a company sells 357 units of inventory for $91 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan.
During 2021. a company sells 357 units of inventory for $91 each. The company has the following inventory purchase transactions for 2021 Date Transaction Jan. 1 Beginning inventory May 5 Purchase Nov. 3 Purchase Number of Units 66 164 183 413 Unit Cost $63 65 68 Total Cost $ 4,158 10,660 12.444 $27,262 Calculate ending inventory and cost of goods sold for 2021 assuming the company uses LIFO. Ending inventory Cost of goods sold
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